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(单词翻译:双击或拖选)
US stocks have dropped on concerns that Dubai's debt crisis could stall the global economic recovery from recession. The government-owned Dubai World has around 60 billion US dollars worth of debt. It’s asked creditors1 if it can postpone2 repayment3 until May, raising concerns that some banks could further tighten4 lending. The shock news of Dubai's debt problems rattled5 markets.
In an abbreviated6 session, the Dow closed 1.5 percent lower. Investors7 mainly got rid of financial and commodity stocks. Europe's leading stocks indexes closed higher on Friday, reversing sharp losses. London's FTSE closed one percent higher after suffering its biggest daily fall on Thursday.
Alarm over Dubai sent Asian shares plummeting8 at the end of the week. Hong Kong tumbled nearly five percent, due to investors' dump stocks in two foreign banks with the highest exposure to Dubai, HSBC and Standard Chartered. The Nikkei dropped three percent. The local market is expected to open lower on Monday, it staged its biggest one-day fall in five months, to close 2.9 percent down on Friday. And the Australian dollar has lost ground against the majors.
And that’s ABC Business News.
1 creditors | |
n.债权人,债主( creditor的名词复数 ) | |
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2 postpone | |
v.延期,推迟 | |
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3 repayment | |
n.偿还,偿还款;报酬 | |
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4 tighten | |
v.(使)变紧;(使)绷紧 | |
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5 rattled | |
慌乱的,恼火的 | |
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6 abbreviated | |
adj. 简短的,省略的 动词abbreviate的过去式和过去分词 | |
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7 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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8 plummeting | |
v.垂直落下,骤然跌落( plummet的现在分词 ) | |
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